Full story here. Thieving billionaire politician receives serious public paddling. But is still a billionaire, just less so. At least there’s some adjustment for outright thievery.
“Thailand’s Supreme Court has ruled that former PM Thaksin Shinawatra’s family should be stripped of more than half a contested $2.3bn fortune.
The court said $1.4bn (£910m) of the assets were gained illegally through conflict of interest when Mr Thaksin was prime minister.
The funds were frozen after Mr Thaksin’s elected government was overthrown in a military coup in 2006.
Mr Thaksin, who is living abroad, has denied any wrongdoing.
The Supreme Court said “to seize all the money would be unfair since some of it was made before Thaksin became prime minister”. (more…)